Determining the current ytm of the bonds


You are analyzing the after tax cost of debt for a firm. You know that the firm's 12 year maturity, 9.75 percent semi-annual coupon bonds are selling at a price of $1,026.32. These bonds are the only debt outstanding for the firm. What is the current YTM of the bonds?

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Finance Basics: Determining the current ytm of the bonds
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